This property looks like a bad Airbnb investment with a projected -9.27% first-year return on $133k initial cash invested.
-9.27%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$5,003
Rent
-$1,024
Cashflow
Cash Flow
$5,003 income − $6,027 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$545k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$133k
Downpayment
20%
$109k
Closing costs
1%
$5,453
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,003
Total Expenses
$6,027
Mortgage P&I
61%
$3,028
Property Taxes
8%
$406
Home Insurance
4%
$192
HOA
0%
$0
Property Management
15%
$750
CapEx
4%
$200
Vacancy
0%
$0
Maintenance
4%
$200
Other
25%
$1,251